MONTREAL, Oct. 31 /CNW Telbec/ - Air Canada will hold a conference call
for analysts on Friday, November 7, 2008 to present 2008 third quarter
results. Air Canada President and Chief Executive Officer, Montie Brewer,
Executive Vice President and Chief Financial Officer, Michael Rousseau, and
Executive Vice President and Chief Commercial Officer, Benjamin Smith will be
available for analysts' questions. Media and the public may access this call
on a listen-in basis. Details are as follows:

    ANALYST CONFERENCE CALL / AUDIO WEBCAST

    Date:          Friday, November 7, 2008

    Time:          9:30 a.m. ET

    By telephone:  1-800-952-4972 toll free or (416) 641-2140 for the Toronto
                   area. Please allow 10 minutes to be connected to the
                   conference call.

    Webcast:  http://events.startcast.com/events/launch.asp?EventID
              =399C6578-A9E9-48E3-B7BC-1B365A6D6984. Note: This is
              a listen-only audio webcast. Media Player or Real Player is
              required to listen to the broadcast; please download well in
              advance of call.

    Replay:   Instant replay will be available beginning approximately one
              hour after the call. Dial 416-695-5800 or 1-800-408-3053 toll
              free and enter the pass code 3273299#, until
              midnight ET Friday, November 15, 2008.

    Note:     A slide presentation will be available at approx. 8:00 a.m.,
              Friday, November 7, 2008 for viewing at
              http://www.aircanada.com/en/investors/quarterly.html. This
              presentation is not intended for simultaneous viewing with the
              conference call.

    2008 third quarter results will be released prior to the opening of
markets and the conference call on Friday, November 7, 2008.